Which of the following is not an amount that is needed to calculate straight-line amortization?
A)The cost of the asset.
B)An estimate of the asset's useful economic life to the company.
C)The amount that the company will get when it disposes of the asset.
D)The cost the company will be required to incur to replace the asset.

Question

Quizplus · Accepted Answer

The straight-line amortization method requires the cost of the asset, its useful life, and its salvage value (disposal amount), but not the replacement cost of the asset.

Which of the Following Is Not an Amount That Is